A person who has retired from a PFT bargaining unit and is at least age 55 with a combination of age and years of service that equal 65 or more.

Cost is $69 per month, billed $414 on or about January 1 for the 6 month period starting March 1st and $414 on or about July 1 for the 6 month period starting September 1st. Effective January 1, 2018 the monthly charge will be $84.00 per month.

If you drop out of the plan, you will not be permitted to re-enroll.

To enroll in Retiree Rx Benefits, call the Fund and request a Retiree packet if you have not received one. You will complete the following three (3) forms:

RETIREMENT PRESCRIPTION APPLICATION – check the box next to the month that coverage is to begin.

UNITED CONCORDIA ENROLLMENT FORM – If you want to enroll in the retiree dental plan.

Return forms, page one (1) of your PSERS estimate, a copy of your current medical card and a check payable to PFT Health & Welfare Fund in the enclosed pre-addressed envelope.

Retirees on the Optum Rx Plan who are turning age 65 will be automatically enrolled in the Express Scripts Medicare Rx. Call the fund if you do not wish to be enrolled.

Be advised that depending on your annual income, Medicare may charge you an income-related monthly adjustment amount (IRMAA). The sliding scale charge is a set of statutory percentage-based tables to adjust Medicare Part B and prescription drug coverage Medicare Part D premiums. The higher the beneficiary’s range of modified adjusted gross income (MAGI), the higher the IRMAA will be. Click here for more information.

Copyright 2016 The Philadelphia Federation of TeachersHealth and Welfare Fund